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Jul 25, 2012
07/12
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. >>> hablando de corrupción,n@@nn bancoision hsbc. 7.000 millones td dólares flui-c ediciohacia los estados unidose- n o o las cuentas y darle alimento a nuestras familias. >>> la última vez que el congreso aprobó el aumento del salario mínimo fue en el 2007. >>> gano 8.25 y son uno y estoy solo y el costo de vida es alto para mí. >>> un padre de familia gana el mínimo y tiene 2 hijos tiene que trabajar 100 horas a la semana para cubrir las necesidad es básicas. >>> hay una ley pro taourpuesta congreso que quiere subir más de 2 dólares por hora y entonces, lo que necesitamos es que más representados apoyen esta ley. >>> el instituto de política económica en washington dc estima que si el congreso aprueba para el 2014 el aumento del salario mínimo a 9 dólares con 80. por lo menos 28 millones de norteamericanos se van a bz zair con la medida. >>> organizaciones comunitaria y sin cats indican que los trabajadores deben seguir con la presión a los legisladores para que el aumento del salario ionmo seanoi-edicnounivision@@n en chicagot uni-ion nounivis@@na univisió@@n. >>>
. >>> hablando de corrupción,n@@nn bancoision hsbc. 7.000 millones td dólares flui-c ediciohacia los estados unidose- n o o las cuentas y darle alimento a nuestras familias. >>> la última vez que el congreso aprobó el aumento del salario mínimo fue en el 2007. >>> gano 8.25 y son uno y estoy solo y el costo de vida es alto para mí. >>> un padre de familia gana el mínimo y tiene 2 hijos tiene que trabajar 100 horas a la semana para cubrir las necesidad...
WHUT (Howard University Television)
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Jul 17, 2012
07/12
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WHUT
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hsbc processes more than $1 trillion each and every day. that is what goes through the banking system. it has 110 million customers. it has 200,000 employees. it is a bank that does very well as making a lot of money and it pays its shareholders. shareholders know there will continue operating and making a lot of money. it is hugely embarrassing for the bank. he built the the actual statement, a bank allowed the bank to act as a fine answer to clients seeking a shadowy funds from the world's most dangerous. >> they're not mincing words. >> they are not mincing their words. we know they are going to apologize. they're going to say that we're going to make an absolute commitment. the whole global baking industry -- let's have a listen. >> what we had three years ago, for example, with the failure of lehman's. in financial terms, that was much bigger. three years down the line, these are the scandals. it gives a clearly public opinion against bankers. investors will start shying away again. all this uncertainty surrounding them. >> he is talki
hsbc processes more than $1 trillion each and every day. that is what goes through the banking system. it has 110 million customers. it has 200,000 employees. it is a bank that does very well as making a lot of money and it pays its shareholders. shareholders know there will continue operating and making a lot of money. it is hugely embarrassing for the bank. he built the the actual statement, a bank allowed the bank to act as a fine answer to clients seeking a shadowy funds from the world's...
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Jul 19, 2012
07/12
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CSPAN2
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of hsbc. having been a compliance officer for 13 years in a bank that operates an approximate 80 jurisdictions worldwide, i have dedicated my career not only within hsbc, but through my broader industry work as well. beating significant challenges that confront global banking institutions in the world we live in. i have followed the work of the subcommittee and seeing how your work has advanced important dialogues and help the international banking committee including hsbc identify and address potential vulnerabilities. my chief focus as that of compliance at hsbc has been promoting the values that we as a bank have set for ourselves and the guys that you and our regulators both in united states and around the world rightly expect from a global bank like hsbc. and while there have been successes on many compliance issues, i recognize that there have been some significant areas of failure. i have said before and i will say again, despite the best efforts and intentions of many dedicated profess
of hsbc. having been a compliance officer for 13 years in a bank that operates an approximate 80 jurisdictions worldwide, i have dedicated my career not only within hsbc, but through my broader industry work as well. beating significant challenges that confront global banking institutions in the world we live in. i have followed the work of the subcommittee and seeing how your work has advanced important dialogues and help the international banking committee including hsbc identify and address...
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Jul 20, 2012
07/12
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COM
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or hsbc, the s stands for-- (laughter) got a lot of those. anyway i give you the senate testimony of the head of hsbc david bagley, this should be good. >> i have said before and i will say again, despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulators. >> jon: really, fallen short? fallen short of the expectations of regulators. that's something you say when you were supposed to submit a form by the 12th and didn't get it in until the 15th. (laughter) the expectation you fell short of is the one that the bank my son's lemonade stand passport account money in is also helping out al qaeda by shoulder-- buy shoulder mounted stinger missiles. that is today's global update. let's turn to happier news. remember congressman anthony weiner f not-- let me refresh your memory. this is his [bleep]. (laughter) that's his [bleep], yup. my apologies if you have one of those hd 3-dtvs at home. probably just knocked a lamp all your table. (laughter) anyway
or hsbc, the s stands for-- (laughter) got a lot of those. anyway i give you the senate testimony of the head of hsbc david bagley, this should be good. >> i have said before and i will say again, despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulators. >> jon: really, fallen short? fallen short of the expectations of regulators. that's something you say when you were supposed to...
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Jul 17, 2012
07/12
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from me hsbc -- from the hsbc subsidiary in mexico. that was not acted upon by hsbc monitors. they talked about the cayman islands, where there were 50,000 customers. no branch, no office, no employers. they allowed people to avoid paying taxes in certain areas, but there was no safeguard. the regulators felt the money that had been put into those accounts had come from the various sources. derrin number of those things going up -- nefarious sources. there were a number of those things going on. >> an extraordinary evidence coming out on capitol hill. after you watch this, synchronized swimming requires a level of athleticism that most of us can only dream of. she has been perfecting her retain it for years. now she is -- perfecting her routine it for years. now she is heading to the u.s.. >> there is so much that you do not see. there is so much work that goes into it. during a performance, you only see smiling faces. it looks so light and easy. under water, it is extremely hard work and you feel like you're dying. ♪ i was born in russia. my dad was offered a job in califor
from me hsbc -- from the hsbc subsidiary in mexico. that was not acted upon by hsbc monitors. they talked about the cayman islands, where there were 50,000 customers. no branch, no office, no employers. they allowed people to avoid paying taxes in certain areas, but there was no safeguard. the regulators felt the money that had been put into those accounts had come from the various sources. derrin number of those things going up -- nefarious sources. there were a number of those things going...
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Jul 18, 2012
07/12
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CSPAN2
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before you want to go i want to thank hsbc for the cooperation as i said in my opening statement, hsbc was totally cooperative with this investigation. we appreciate that. so, we are going to have you go first followed by mr. thurston and mr. gallagher then mr. login then we will turn to questions. mr. bagley, please proceed. >> thank you pittard could morning german 11, dr. colburn and members of the subcommittee. my name is david bagley. thank you for the opportunity to be here today. i have submitted written testimony but in the interest of time, i have can't find my remarks to a few points. since 2002 i've been the head of the group compliance said that global parent of hsbc. having been for 30 years in the banking that operates approximately 80 to the sections worldwide, i have dedicated my career not only within each spc but through by broad industry work as well to meeting the significant challenges that confront the global banking institutions in the world that we live. i followed the work of the subcommittee and have seen how your work has advanced important dialogues and how
before you want to go i want to thank hsbc for the cooperation as i said in my opening statement, hsbc was totally cooperative with this investigation. we appreciate that. so, we are going to have you go first followed by mr. thurston and mr. gallagher then mr. login then we will turn to questions. mr. bagley, please proceed. >> thank you pittard could morning german 11, dr. colburn and members of the subcommittee. my name is david bagley. thank you for the opportunity to be here today. i...
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Jul 30, 2012
07/12
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so much going on within hsbc at the moment. the key is about the provisioning, the level of provisioning and not necessarily talk about provisioning for scandals or libor concern. i'm talking about provisions on their loan book. hsbc has been in front of the curve and analysts are looking for potentially in '13 and '4 some upside surprise. the income cost ratio, the grand plan of hsbc is to bring that to a level of 52%. without seeing the numbers my suspicion is -- >> i'm looking for that. 11.3%. from what you've heard at the moment and we're getting more information what are your thoughts? >> well, i mean similarly, we were expecting hsbc to come in at approximately $12.5 billion. i think that's on the liberal side. so as the person said earlier they may not need that much. they have been very astute when it comes to capital adequacy. remarkably good with nonperforming loans. hsbc surprised the market and plowed back in the next quarter some of the provisioning. >> let's be clear, the 2 billion in total includes for u.s. law e
so much going on within hsbc at the moment. the key is about the provisioning, the level of provisioning and not necessarily talk about provisioning for scandals or libor concern. i'm talking about provisions on their loan book. hsbc has been in front of the curve and analysts are looking for potentially in '13 and '4 some upside surprise. the income cost ratio, the grand plan of hsbc is to bring that to a level of 52%. without seeing the numbers my suspicion is -- >> i'm looking for...
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Jul 17, 2012
07/12
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and in its commercials, hsbc boasts of being the bank of choice for everyone. >> hsbc, world bank. >> reporter: according to today's senate report, among those who have made it their bank of choice are the ruthless leaders of mexican drug cartels, suspected al qaeda money men, and the iranian government trying to get around u.s. embargoes. >> you need to have a bank that's willing to take you on as a customer. knowing that your customers are dodgy, your relationships are bad and you're in illegal activity. >> reporter: and internal documents show hsbc executives knew exactly what they were doing. "we are allowing organized criminals to lauder their money" wrote one executive. today, executives sheepishly admitted there have been cover-ups and accounts were left open for years. >> is there any way that should have been allowed to happen at the time? >> no, senator. >> reporter: one hsbc executive admitted he made the decision to move money for a saudi bank. and the cia report says helped finance al qaeda around the time of the 9/11 attacks. >> did you believe what you wrote at that tim
and in its commercials, hsbc boasts of being the bank of choice for everyone. >> hsbc, world bank. >> reporter: according to today's senate report, among those who have made it their bank of choice are the ruthless leaders of mexican drug cartels, suspected al qaeda money men, and the iranian government trying to get around u.s. embargoes. >> you need to have a bank that's willing to take you on as a customer. knowing that your customers are dodgy, your relationships are bad...
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Jul 17, 2012
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of the report found loose protections at hsbc's u.s. unit provided a "gateway for terrorists to gain access to u.s. dollars and u.s. financial system." among other allegations, the bank reportedly supplied $1 billion to a firm whose founder has ties to al qaeda. hsbc is also accused of shipping billions in cash from mexico to the united states, despite warnings the money was coming from drug cartels. the report friends rampant violations at hsbc as part of a larger problem of illegal money entering the united states for international financial firms. in addition to hsbc, legislators called it a top u.s. bank regulators for failing to popular monitor the bang. -- to properly monitor the bank. it said lax government oversight has helped fuel financial wrongdoing. the report on hsbc comes amid widespread scandals in the global financial sector, including news the british bank barclays manipulated a key global interest rate. a former art as executive who left his job over the bank's interest-rate fixing scandal has testified he was directly
of the report found loose protections at hsbc's u.s. unit provided a "gateway for terrorists to gain access to u.s. dollars and u.s. financial system." among other allegations, the bank reportedly supplied $1 billion to a firm whose founder has ties to al qaeda. hsbc is also accused of shipping billions in cash from mexico to the united states, despite warnings the money was coming from drug cartels. the report friends rampant violations at hsbc as part of a larger problem of illegal...
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Jul 17, 2012
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all the hsbc group was on notice, as early as 2001, that hsbc affiliates were sending the hidden iranian transactions through the accounts in the united states, nobody did anything to step it for years. >>reporter: lawmakers were told they maintained an account for the taliban after 9/11 and an account in 2008 for a known syrian terrorist connected to assad regime and the senator is recommending they lose access to u.s. marks and analysts say if they do not police themselves, analysts say this is more punitive than any fine or criminal charge against them. >>shepard: thank you, catherine, from washington, dc. >> with us is the fox news senior judicial analyst, and the lawyers. this is a lot, judge. >>judge napolitano: this is very troubles. we start with the observation that this is the second largest bank in the world and the largest in europe and they have accesses of close to $3 trillion, and if they are barred from engaging in banks in the united states, that would be a severe, almost catastrophic punishment, but think what they have done: they have violated laws which have serious c
all the hsbc group was on notice, as early as 2001, that hsbc affiliates were sending the hidden iranian transactions through the accounts in the united states, nobody did anything to step it for years. >>reporter: lawmakers were told they maintained an account for the taliban after 9/11 and an account in 2008 for a known syrian terrorist connected to assad regime and the senator is recommending they lose access to u.s. marks and analysts say if they do not police themselves, analysts say...
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Jul 17, 2012
07/12
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hsbc still faces a justice department investigation and potential fines. an egyptian train has derailed near cairo, injuring at least 15 passengers. the train derailed in giza some 20 kilometers southwest of cairo. some reports say the train burst into flames. officials say there were no deaths. that israel's government is in crisis. -- >> israel's government is in crisis. the biggest partner in benjamin netanyahu's coalition has split from the government over whether orthodox jews should continue to be excused from military service. the party says it is disappointed with netanyahu's failure to move forward with the ship here the prime minister now holds only a fragile majority in parliament. >> the united nations secretary- general traveled to china for talks with president hu jintao, with the situation in syria high on the agenda. >> kofi annan once china and russia to get behind a united nations security council resolution aimed at stopping the fighting -- wants china and russia to get behind a united nations security council resolution. >> talks in mos
hsbc still faces a justice department investigation and potential fines. an egyptian train has derailed near cairo, injuring at least 15 passengers. the train derailed in giza some 20 kilometers southwest of cairo. some reports say the train burst into flames. officials say there were no deaths. that israel's government is in crisis. -- >> israel's government is in crisis. the biggest partner in benjamin netanyahu's coalition has split from the government over whether orthodox jews should...
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Jul 21, 2012
07/12
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even though the hsbc group was on notice, as early as 2001, hsbc affiliate's were sending these hidden aryan transactions through their accounts in the u.s., nobody did anything to stop it for years. you have recently become the head of compliance for the hsbc group. earlier that month, hbus was sent a memo laying out the business case for it to process iranian transactions. there was a substantial income opportunity. here is what you wrote in 2003. exhibit 45. the business case include references to practices which may constitute a breach of u.s. sanctions. in october 2003, one of your attorneys wrote to you that six banks were processing u.s. dollar payments that were being altered by hbeu abefore going to hbus. breaching these sanctions is a serious matter. as the head of compliance, you were making that point. when you learned of this, why was not the practice simply stopped right then? why did it take so long to fix? >> mr. chairman, that is an absolutely appropriate question. with the benefit of hindsight, this clearly took far too long to resolve. what i can say is when they cam
even though the hsbc group was on notice, as early as 2001, hsbc affiliate's were sending these hidden aryan transactions through their accounts in the u.s., nobody did anything to stop it for years. you have recently become the head of compliance for the hsbc group. earlier that month, hbus was sent a memo laying out the business case for it to process iranian transactions. there was a substantial income opportunity. here is what you wrote in 2003. exhibit 45. the business case include...
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Jul 18, 2012
07/12
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a senate probe also found loose protections at hsbc's u.s. unit provided a gateway for terrorists to gain access to u.s. dollars in the u.s. financial system. on tuesday, the david bagley, the head of compliance at hsbc, announced his resignation and apologized in testimony before a senate hearing. >> i recognize there have been some significant areas of failure. i have said before and will say again, despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulators. this is something that abatement seeking to conduct business in u.s. and globally must learn from and take steps to avoid in the future. >> the justice department has confirmed it's investigating hsbc for criminal wrongdoing. also speaking on tuesday, michigan democratic senator carl levin said hsbc must now show accountability for its actions. >> the recent commitments are welcome. apologies and commitments to improve our also welcome, but accountability for past conduct is the central, a
a senate probe also found loose protections at hsbc's u.s. unit provided a gateway for terrorists to gain access to u.s. dollars in the u.s. financial system. on tuesday, the david bagley, the head of compliance at hsbc, announced his resignation and apologized in testimony before a senate hearing. >> i recognize there have been some significant areas of failure. i have said before and will say again, despite the best efforts and intentions of many dedicated professionals, hsbc has fallen...
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Jul 17, 2012
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tonight, that bank, hsbc is apologizing. one exec says is he quitting and shutting down thousands of accounts. measure's enemies funneled billions and billions of dollars to hsbc u.s. affiliate. senators say that threatens the entire nation. not just the financial system. >> wrong doers can use u.s. dollars and u.s. wire transfers to commit crimes arm terror groups. produce and transport illegal drugs. loot governor coffers and even pursue weapons of mass destruction. >> i have said before and i will say again, despite the best enforce and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulators. >> shepard: best efforts. the justice department reports it's also investigating hsbc and analysts say that bank could be looking at a fine of a billion dollars. enough to make a bell ring. gerri willis from the fox business network is here. should would he be skeptical that hsbc can fix these problems without, i don't know, some oversight. >> senators weren't b
tonight, that bank, hsbc is apologizing. one exec says is he quitting and shutting down thousands of accounts. measure's enemies funneled billions and billions of dollars to hsbc u.s. affiliate. senators say that threatens the entire nation. not just the financial system. >> wrong doers can use u.s. dollars and u.s. wire transfers to commit crimes arm terror groups. produce and transport illegal drugs. loot governor coffers and even pursue weapons of mass destruction. >> i have said...
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Jul 17, 2012
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were mistakes: bagley says: "despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulltors." coburn says: "if they can pass criminal proceeds through a us bank unnoticed and untouched, the funds are unlikely to be stopped or ever be recovered." &p today's hearing comes a day after a senate reporr alleged suspicious funds ffom mexico and syria passed through hsbc.. the report also alleges bans against iran were ignored and u.s. regulators knew about it and pailed to take action. cohen says: "the scale, efficiency and sophistication of the united states financial system, particularly it's banking sector, make it a prime target for those who seek to conceal and move illicit money." the bank says it's changed senior management and has shored up compliance with rules to prevent money laundering. boswell says (oncam tag): "the justice department is also investigating. lawmakers also say other large us banks may be being used for the same money laundering purposes. fox news." the... f-b-i... has begun.
were mistakes: bagley says: "despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulltors." coburn says: "if they can pass criminal proceeds through a us bank unnoticed and untouched, the funds are unlikely to be stopped or ever be recovered." &p today's hearing comes a day after a senate reporr alleged suspicious funds ffom mexico and syria passed through hsbc.. the report...
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Jul 17, 2012
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although he will stay at hsbc. meanwhile, senator tom coburn said it isn't just hsbc. >> while our focus has been on the problems we found at hsbc bank, we also have to emphasize similar problems exist at other banks. for example, city bank, bank of america, wachovia, western union and others have come under scrutiny for laundering drug cartel profits. >> i want you to take a look at just one e-mail revealed by this sna committee so far exchanged between an hsbc compliance officer to an hsbc competitive aft - - -- executive after the bank wrestled who to do work with al rajhi. looks like you're fine to continue with al rathjhi. you better be making lots of money. they have a response, we will acknowledge in the past we have sometimes failed to meet the standards regulators and customers expect. we will apologize, acknowledge these mistakes, answer to these actions and give our absolute commitment to fixing what went wrong. this hearing is still ongoing. they've taken a little bit of recess but we will give you all
although he will stay at hsbc. meanwhile, senator tom coburn said it isn't just hsbc. >> while our focus has been on the problems we found at hsbc bank, we also have to emphasize similar problems exist at other banks. for example, city bank, bank of america, wachovia, western union and others have come under scrutiny for laundering drug cartel profits. >> i want you to take a look at just one e-mail revealed by this sna committee so far exchanged between an hsbc compliance officer...
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Jul 17, 2012
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hsbc's u.s. affiliate, this report says, handled nearly 25,000 transactions that were involving iran in spite of course u.s. sanctions against iran. some bank were aware of the transactions and the european affiliates stripped out information that linked them to iran. and the bank itself in a review said that they had found nearly $20 billion of this type of transactions. now, the senate subcommittee does say that hsbc has been cooperating and providing documents, but they also criticize government regulators who they say allowed this problem to fester for years. and then finally, wolf, lots of information here, the justice department also has its own investigation of hsbc. >> i suspect a lot more is about to come out. thanks so much for that report, jill dougherty. >>> meanwhile, also here in washington the fed chairman, ben bernanke, gave investors a bit of hope today. lisa sylvester's back. she's monitoring that story. what did he say? what's going on? >> wolf, everything's relative. bernanke
hsbc's u.s. affiliate, this report says, handled nearly 25,000 transactions that were involving iran in spite of course u.s. sanctions against iran. some bank were aware of the transactions and the european affiliates stripped out information that linked them to iran. and the bank itself in a review said that they had found nearly $20 billion of this type of transactions. now, the senate subcommittee does say that hsbc has been cooperating and providing documents, but they also criticize...
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Jul 16, 2012
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CNN
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but then hsbc also not an american bank came out today as we just reported. could be iran certainly was mexican drug cartels launder money in and out of united states. numbers afternopparently that s out like hockey sticks. so are we treating foreign banks more easily than american banks? why is it that foreign banks keep coming up? >> many are clearly operating here in the united states, as well. and i think in the particular case that you just spoke about a few minutes ago, that bank is the u.s. subsidiary or the u.s. bank of that foreign country. the bottom line is someone who was a sponsor of the sanctions on the central bank of iran, it makes me incredibly concerned because at the end of the day, our ability to stop terrorism, our ability in the case of iran from seeking nuclear weapons, is dependent upon the financial institutions taking the reports and publicly making smure that they are following the law and can informing us so that he can with have flows of money that circumvent the laws that we have pursued in order to stop nuclear weapons or terror
but then hsbc also not an american bank came out today as we just reported. could be iran certainly was mexican drug cartels launder money in and out of united states. numbers afternopparently that s out like hockey sticks. so are we treating foreign banks more easily than american banks? why is it that foreign banks keep coming up? >> many are clearly operating here in the united states, as well. and i think in the particular case that you just spoke about a few minutes ago, that bank is...
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Jul 12, 2012
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. >> reporter: it's hsbc and a massive multi-part settlement coming. we don't know when it's coming with the united states government and the department of justice but things are clearly in process. also, what we have got coming up next week is a hearing up on capitol hill. the senate investigations committee is convening a hearing on tuesday. hsbc executives will testify at the hearing about questions surrounding money laundering at the bank over a period of some years. now, we don't know all the details of what's valved in the allegations but i can tell you some new information about what we know is an element of this. one of the things that investigators are going to be looking at here is hsbc's acquisition of a mexican bank in the early part of 2000s and whether or not that bank engaged in a business of buying and selling physical cash, bank notes in mexico, had low compliance standards and did not do enough to prevent mexican drug cartels from taking advantage of that business at what became ultimately hsbc in mexico. also involved here is a quest
. >> reporter: it's hsbc and a massive multi-part settlement coming. we don't know when it's coming with the united states government and the department of justice but things are clearly in process. also, what we have got coming up next week is a hearing up on capitol hill. the senate investigations committee is convening a hearing on tuesday. hsbc executives will testify at the hearing about questions surrounding money laundering at the bank over a period of some years. now, we don't...
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Jul 17, 2012
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hsbc said this. it takes compliance with the law wherever it operates very seriously, saying we will acknowledge that in the past we have sometimes failed to meet the standards that regulators and customers expect. now the bank says it's also beefed up its oversight over the past year. carol? >> it just makes you wonder if this is typical behavior or they just got caught. >> well, it does make you wonder. other banks had paid fines. aig has paid millions in fines. wells fargo, a long time ago. wachovia yaualso had to pay millions after authorities found similar transition actions. >> trading on wall street started moments ago. the opening bell rang just at 9:30. stocks are up just minutes into the day. more banking news released. citigroup outperformed expectations, announcing second quarter earnings of 95 cents a share. and shares of goldman sachs jumped after the investment bank reported second quarter earnings that topped forecasts. >>> america's first couple is making news this morning after a ba
hsbc said this. it takes compliance with the law wherever it operates very seriously, saying we will acknowledge that in the past we have sometimes failed to meet the standards that regulators and customers expect. now the bank says it's also beefed up its oversight over the past year. carol? >> it just makes you wonder if this is typical behavior or they just got caught. >> well, it does make you wonder. other banks had paid fines. aig has paid millions in fines. wells fargo, a...
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Jul 4, 2012
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CNBC
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hsbc posted its version of the services s pmi. coal stocks rebounded, but the market failed to gain traction on the back of weakness in the financial space. and japan's nikkei rose to a two-month high led by gains in energy sector index heavyweight fast retailing soft banks shares also rose lending support. and south korea, the kospi tongue about 0.4%. samsung electronics shares rose despite a fresh legal setback over in the u.s. and australia outperformed hitting a seven-week high. may retail data helped boost sentiment. and a quick check on india. reversed earlier losses gaining about 0.2%. let's take a break now. "worldwide exchange" will be right back. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> you're >>> you're watching "worldwide exchange." >> welcome back. the german chancellor angela merkel and the italian prime minister mario monti are meeting in rome as the italian budget deficit w
hsbc posted its version of the services s pmi. coal stocks rebounded, but the market failed to gain traction on the back of weakness in the financial space. and japan's nikkei rose to a two-month high led by gains in energy sector index heavyweight fast retailing soft banks shares also rose lending support. and south korea, the kospi tongue about 0.4%. samsung electronics shares rose despite a fresh legal setback over in the u.s. and australia outperformed hitting a seven-week high. may retail...
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. >>> the chief compliance officer of the big international bank, hsbc, says he is stepping down from that position. this after an investigation found that lack controls at the bank allowed mexican drug cartels to launder billions of dollars to its u.s. operation. that compliance officer and other hsbc executives got grilled today by senate during a hearing on the matter. >>> new information tonight about virginia's attorney general's decision not to seventy certify new guidelines for abortion clinics. that means that the department of health has to re-examine its provision requiring existing clinics to comply with standards for new building construction. today, abortion right supporters announced they plan to attending the attorney general's public appearances to try and press him on this issue and protest what they call his antiabortion agenda in virginia. >>> it turns out for the past two years, the boy scouts have been reviewing. excluding homosexuals is the best policy for the organization. that policy was upheld by the u.s. supreme court back in 2000. >>> a woman and her husband
. >>> the chief compliance officer of the big international bank, hsbc, says he is stepping down from that position. this after an investigation found that lack controls at the bank allowed mexican drug cartels to launder billions of dollars to its u.s. operation. that compliance officer and other hsbc executives got grilled today by senate during a hearing on the matter. >>> new information tonight about virginia's attorney general's decision not to seventy certify new...
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Jul 17, 2012
07/12
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FOXNEWS
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hsbc announcing in the last hour that it is now in the process of closing thousands of accounts in the caymen islands, just one of several places the bank allegedly allowed dirty funds to be laundered. hsbc executive david bagley resigning from his post after a senate hearing into the scandal earlier today, acknowledging that the bank failed to launder eights anti anti-laundering programs. money was allowed to be moved in and out, thus laundered, possibly funding terrorism and fueling drug cartels all over the world. a live report explaining all of this just ahead. we are also tracking a developing story involving reported food tampering, that is putting it mildly aboard some delta airline flights. at least one passenger is being treated for a possible, they are looking into -- possible hiv infection after several people reported biting into a dangerous surprise inside of their inch-flight meals. trace gallagher has more from the breaking news desk. >> reporter: sewing needles, megyn. these needles were found in turkey sandwiches given to business class passengers, as well as the fligh
hsbc announcing in the last hour that it is now in the process of closing thousands of accounts in the caymen islands, just one of several places the bank allegedly allowed dirty funds to be laundered. hsbc executive david bagley resigning from his post after a senate hearing into the scandal earlier today, acknowledging that the bank failed to launder eights anti anti-laundering programs. money was allowed to be moved in and out, thus laundered, possibly funding terrorism and fueling drug...
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Jul 17, 2012
07/12
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CNBC
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. >> hsbc had in their words a pervasively polluted culture. allowed the british bank to act as a financier to clients to seek questionable funds from dangerous and secretive corners of the world. including mexico, iran, the cayman islands, curb and sir yorks hsbc and regulators will face touch questions at a hearing today how the abuses were allowed to continue after the bank faced regulator action in 2012. >> let's get a check on the markets. yesterday was the seventh day out of eighth that the markets closed lower. this morning you do see some green arrows. do you futures up by 32 points. s&p up by 3.5. asia also up earlier today and that was the third session in a row higher numbers out of asian markets. oil prices have also been climbing. we'll keep an eye on that. right now you'll see that oil prices are up about 17 cents and this comes just as we had been watching oil prices yesterday up at 1.5 month highs. pull back a little bit at $88.60, pull back up. let's take a look at the ten year. at this point the ten year note is yielding, 1.48
. >> hsbc had in their words a pervasively polluted culture. allowed the british bank to act as a financier to clients to seek questionable funds from dangerous and secretive corners of the world. including mexico, iran, the cayman islands, curb and sir yorks hsbc and regulators will face touch questions at a hearing today how the abuses were allowed to continue after the bank faced regulator action in 2012. >> let's get a check on the markets. yesterday was the seventh day out of...
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Jul 31, 2012
07/12
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. >>> stocks finish flat, hsbc takes another hit and the end of a rhode island institution. the first look at this morning's business headlines is straight ahead. >>> ichiro hits the century mark, and the angels pull the old switcher yo on the rangers. you're watching "first look" on msnbc. ♪ the one and only, cheerios [ female announcer ] the next generation of investing technology is now within your grasp with the e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everything exactly the way you want it, all on one page. transform your investing with the e-trade 360 investing dashboard. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in yo
. >>> stocks finish flat, hsbc takes another hit and the end of a rhode island institution. the first look at this morning's business headlines is straight ahead. >>> ichiro hits the century mark, and the angels pull the old switcher yo on the rangers. you're watching "first look" on msnbc. ♪ the one and only, cheerios [ female announcer ] the next generation of investing technology is now within your grasp with the e-trade 360 investing dashboard. e-trade 360 is...
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Jul 30, 2012
07/12
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KCSMMHZ
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earlier this month, hsbc admitted that it failed to apply rules against money- laundering. clients were allowed to move funds from countries like mexico and iran into the u.s. without proper checks bit of a u.s. senate report said that ultimately benefited drug dealers and terrorists. >> france's call for an emergency meeting at the u.n. this year on syria. the diplomatic deadlock that the security council remains as a fighting rages on, especially in the northern city of aleppo. >> the army claims it has retaken one district in aleppo, but the rebels dispute that. whoever has the upper hand though, civilians are paying a very high price. >> is entered at video purports to show a checkpoint in the north of aleppo in the hands of opposition forces. the fighters and captured tanks and guns and promised to use them. >> we're going to the presidential palace with these tanks. >> meanwhile, syrian state television broadcast claims the government troops have regained control of parts of aleppo. the u.s. defense secretary warned us ought to stop attacking its own people. >> if the
earlier this month, hsbc admitted that it failed to apply rules against money- laundering. clients were allowed to move funds from countries like mexico and iran into the u.s. without proper checks bit of a u.s. senate report said that ultimately benefited drug dealers and terrorists. >> france's call for an emergency meeting at the u.n. this year on syria. the diplomatic deadlock that the security council remains as a fighting rages on, especially in the northern city of aleppo. >>...